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Liability of RCM
No ITC of tax paid under RCM is available for composition dealer.
(No ITC of tax paid under RCM is available for composition dealer) What is this meaning Madam.,
yes its true CMP dealer cant avail ITC weather he has paid gst to registered dealer or by way of RCM
He has to pay straight away @ 1 or 2% whatever applicable on total supply irrespective of the GST paid to dealer or under RCM
Yes. You are exactly correct.
I agreed to Mr. Mubarak R Momin....
I agreed to Mr. Mubarak R Momin....
Even you pay tax at normal rate but no ITC is available for composition dealers. Means it is complee loss to you.
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